VF (NYSE:VFC) Price Target Cut to $12.00 by Analysts at The Goldman Sachs Group

VF (NYSE:VFC - Get Free Report) had its price target decreased by equities research analysts at The Goldman Sachs Group from $25.00 to $12.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the textile maker's stock. The Goldman Sachs Group's price target points to a potential upside of 5.73% from the stock's previous close.

Several other research analysts have also issued reports on VFC. OTR Global upgraded shares of VF from a "mixed" rating to a "positive" rating in a research report on Friday, January 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $28.00 target price on shares of VF in a research report on Friday, March 7th. Barclays increased their price target on VF from $29.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Stifel Nicolaus cut their price objective on VF from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Piper Sandler decreased their target price on shares of VF from $18.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, VF currently has an average rating of "Hold" and a consensus price target of $21.70.

VF Price Performance

NYSE VFC traded down $0.19 on Tuesday, reaching $11.35. 5,880,165 shares of the stock traded hands, compared to its average volume of 7,796,394. VF has a 12 month low of $9.41 and a 12 month high of $29.02. The company has a market cap of $4.42 billion, a price-to-earnings ratio of -9.54, a P/E/G ratio of 6.77 and a beta of 1.57. The firm's fifty day simple moving average is $16.39 and its 200 day simple moving average is $19.93. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC - Get Free Report) last released its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter last year, the company earned $0.57 EPS. As a group, research analysts predict that VF will post 0.73 EPS for the current fiscal year.

Institutional Trading of VF

A number of institutional investors have recently added to or reduced their stakes in VFC. GAMMA Investing LLC raised its holdings in shares of VF by 1,355.2% during the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock valued at $6,276,000 after purchasing an additional 376,615 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in VF by 5.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after buying an additional 211,440 shares during the last quarter. Rhumbline Advisers raised its holdings in VF by 11.0% during the first quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock valued at $14,414,000 after buying an additional 92,174 shares in the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of VF in the fourth quarter worth about $1,878,000. Finally, Amalgamated Bank boosted its stake in shares of VF by 46.2% during the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock worth $2,365,000 after acquiring an additional 48,151 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.